ADP: March Private Payrolls Fall Below Expectations

4/3/2013 9:44AM

ADP reports private companies added 158,000 payrolls in March, a much slower pace than was expected. Meanwhile, Apple stock could benefit from Apple's to begin production on a refreshed iPhone. Polya Lesova has details. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... still U S stock futures would be higher this morning ... the less likely fly and do it he he he tells you what it announced a fifteen ... and in the future is in a state gains and I'll basically flat ... and so the ADP report was slightly disappointed it sell it back ... at the U S economy added hundred and fifty eight thousand private sector jobs in wines ... that was below expectations of around two hundred thousand ... aam and for the thing is to mom stinging Federated the numbers would advise ... but Davidson's be fully offset the tub and what what does that tell us what is ETP tell us about the more important jobs number which is coming out this Friday the employment report ... is can it be a good indicator is it is hard to say ... well we didn't get the numbers are usually not that great indicator for the month to month ... Labor Department beat them because of some ... of the methodology use used at all of them don't and they're going to get there ... ah but if if the date is thinking to go by we may get some slight disappointment into mice number but it's not it's not for select ... New Labor Department to place much broader ... aam and in this report covers on in the private sector ok ok the three stocks that you are looking at today for one is Apple ... yes well Apple ... as always is interesting so the well studied to know is the point being that ... the company will begin production of a defense I phone ... that is similar in size ... add to its current died following a knife and five s ... Yet something like that yes and and that's close to striking the second quarter that's likely to get out what the I phone fans they cite his ... eye employs ... Apple um it has attracted so much attention because its share price fell based IP ... over the phrase wanted ... and a lead investors to wonder what is going on in DC leaders a lot of concern in China about the Chinese government effectively ... not Chinese government statement said that media in China government controlled media calling out ... Apple's warranty policies Apple has apologized to change those warranty policies ... but ... in the past that is in companies like HP been targeted in in a similar manner and seen their market share I wanna move on to ... another ... stock you're looking at Tesla Motors yes what this well built a lot of anticipation over the last few days at about the exciting announcement so they were ... all the social media with that ... the share price went out until last night ... this would be the arbiter will start opening piece financing for its very expensive electric ... really that the deal so you can argue that it's probably not ... a duck ITUB sightseeing ... announcement a day when counting until the share price is no way this morning ... most likely on some disappointment with that ... with the level of excitement of the announcement okay last ... ConAgra foods yes what that woman ... appointed to the south this morning I did a quick and tasty DEL I mean what do you Corning's ... themselves over Walpole with below expectations in evens on the company ... reaffirmed its full-year earnings forecast ... the share price is no way this morning ... and it's it's likely to attract attention today ok ... for the Lesova for MarketWatch thank you so much for coming in my face